tag:blogger.com,1999:blog-5724181159639068489.post2084803878957763748..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman- A Financial Reformer's Casus belliRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5724181159639068489.post-2390023198021135092010-05-04T14:16:22.425-04:002010-05-04T14:16:22.425-04:00Deja vu ...........
What Was Fab's Job Descr...Deja vu ...........<br /><br /><br />What Was Fab's Job Description<br />Why a Criminal Case Against Goldman Sachs Matters and Why Charges Could Stick<br /><br />By PAM MARTENS <br /><br />It all sounds eerily familiar to the wealth transfer maneuver by Goldman Sachs Trading Company in the asset bubble of 1928. The Trading Company was a closed end fund (called a trust in those days) that Goldman Sachs created and offered to the public at $104 a share, stuffed with conflicted investments while paying Goldman a hefty management fee, only to end up a few years after the 1929 crash trading at a buck and change. On May 20, 1932, Walter Sachs, President of the Goldman Sachs Trading Company, was grilled by the Senate Committee on Banking and Currency. The implication was the same as the current round of Senate hearings: Goldman royally fleeced its customers to line its own pockets.<br /><br />My advice to Goldman is to throw yourself on your sword. Come clean on everything and clean house. Put a modest gym in the basement of your new digs and donate the 54,000 square foot space to charities for the struggling folks you ripped off in their pensions and 401(k)s. And maybe it’s time to apologize for what you did in 1928 and 1929 as well.<br /><br />Then have a sit down with Warren Buffett and start co-authoring OpEds on why the Glass-Steagall Act separating investment banks from insured mom and pop funds at commercial banks must be restored. If you have any trouble finding an argument for this, just lay all those recently disclosed internal emails end to end and observe the narcissistic, sociopathic culture you’ve created out of the uber-testosterone Wharton School boys.<br /><br />http://www.counterpunch.org/martens05042010.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-75344185055589448372010-05-04T14:05:32.828-04:002010-05-04T14:05:32.828-04:00This is pathetic...why fraud will continue...there...This is pathetic...why fraud will continue...there is no penalty for engaging in it!<br /><br />Goldman Sachs Pays $450,000 to Settle NYSE Finding<br /><br />http://tinyurl.com/2dnd9c8Anonymousnoreply@blogger.com